Neft: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Neft
Largest movements
- Tangible fixed assets +€78,846
up €78,846 (+2468.7%), from €3,194 to €82,040
of which Furniture and vehicles: +€74,922
- Cash +€18,872
new in 2025: €18,872
mainly Net result for the year (+€79,608) and Tax, wage and social debts (+€34,660)
- Receivables within one year +€14,854
up €14,854 (+8.9%), from €166,465 to €181,319
of which Other amounts receivable: +€158,304
- Stocks and contracts +€9,489
up €9,489 (+10.5%), from €90,141 to €99,630
- Reserves +€161,980
new in 2025: €161,980
- Profit (loss) carried forward -€82,372
no longer reported in 2025 (was €82,372)
- Tax, wage and social debts +€34,660
up €34,660 (+123.0%), from €28,172 to €62,832
of which Taxes: +€18,444
- Debts after one year +€23,817
up €23,817 (+32.1%), from €74,164 to €97,981
- Trade debts -€20,690
down €20,690 (-98.9%), from €20,910 to €220
- Gross operating margin +€158,465
up €158,465 (+182.6%), from €86,770 to €245,235
- Staff costs +€89,211
up €89,211 (+764.2%), from €11,674 to €100,885
- Financial charges +€41,320
up €41,320 (+874.9%), from €4,723 to €46,043
- Financial income +€8,327
new in 2025: €8,327
- Taxes +€7,229
up €7,229 (+52.6%), from €13,741 to €20,971
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €260,520 | €382,350 | +€121,830 | +46.8% |
| Formation expenses | 20 | €720 | €488 | -€231 | -32.2% |
| Fixed assets | 21/28 | €3,194 | €82,040 | +€78,846 | +2468.7% |
| Tangible fixed assets | 22/27 | €3,194 | €82,040 | +€78,846 | +2468.7% |
| Plant, machinery and equipment | 23 | €2,422 | €6,347 | +€3,925 | +162.1% |
| Furniture and vehicles | 24 | €772 | €75,694 | +€74,922 | +9704.6% |
| Current assets | 29/58 | €256,606 | €299,821 | +€43,215 | +16.8% |
| Stocks and contracts in progress | 3 | €90,141 | €99,630 | +€9,489 | +10.5% |
| Stocks | 30/36 | €90,141 | €99,630 | +€9,489 | +10.5% |
| Amounts receivable within one year | 40/41 | €166,465 | €181,319 | +€14,854 | +8.9% |
| Trade receivables | 40 | €166,363 | €22,913 | -€143,450 | -86.2% |
| Other amounts receivable | 41 | €103 | €158,406 | +€158,304 | +154217.0% |
| Cash at bank and in hand | 54/58 | - | €18,872 | +€18,872 | |
| Total equity and liabilities | 10/49 | €260,520 | €382,350 | +€121,830 | +46.8% |
| Equity | 10/15 | €107,372 | €186,980 | +€79,608 | +74.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €161,980 | +€161,980 | |
| Distributable reserves | 133 | - | €161,980 | +€161,980 | |
| Profit (loss) carried forward | 14 | €82,372 | - | -€82,372 | |
| Amounts payable | 17/49 | €153,148 | €195,370 | +€42,222 | +27.6% |
| Amounts payable after more than one year | 17 | €74,164 | €97,981 | +€23,817 | +32.1% |
| Financial debts | 170/4 | €74,164 | €97,981 | +€23,817 | +32.1% |
| Amounts payable within one year | 42/48 | €78,984 | €97,389 | +€18,405 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €16,458 | €26,554 | +€10,096 | +61.3% |
| Financial debts | 43 | €1,869 | €11 | -€1,859 | -99.4% |
| Credit institutions | 430/8 | €1,869 | €11 | -€1,859 | -99.4% |
| Trade debts | 44 | €20,910 | €220 | -€20,690 | -98.9% |
| Suppliers | 440/4 | €20,910 | €220 | -€20,690 | -98.9% |
| Taxes, remuneration and social security | 45 | €28,172 | €62,832 | +€34,660 | +123.0% |
| Taxes | 450/3 | €25,152 | €43,596 | +€18,444 | +73.3% |
| Remuneration and social security | 454/9 | €3,020 | €19,236 | +€16,216 | +536.9% |
| Other amounts payable | 47/48 | €11,575 | €7,773 | -€3,802 | -32.8% |
| Remuneration, social security and pensions | 62 | €11,674 | €100,885 | +€89,211 | +764.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,227 | €4,387 | +€3,159 | +257.4% |
| Other operating charges | 640/8 | €1,646 | €1,670 | +€24 | +1.4% |
| Gross operating margin | 9900 | €86,770 | €245,235 | +€158,465 | +182.6% |
| Operating profit (loss) | 9901 | €72,223 | €138,294 | +€66,072 | +91.5% |
| Financial income | 75/76B | - | €8,327 | +€8,327 | |
| Recurring financial income | 75 | - | €8,327 | +€8,327 | |
| Financial charges | 65/66B | €4,723 | €46,043 | +€41,320 | +874.9% |
| Recurring financial charges | 65 | €4,723 | €46,043 | +€41,320 | +874.9% |
| Profit (loss) for the period before taxes | 9903 | €67,500 | €100,578 | +€33,078 | +49.0% |
| Income taxes | 67/77 | €13,741 | €20,971 | +€7,229 | +52.6% |
| Profit (loss) for the period | 9904 | €53,759 | €79,608 | +€25,849 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,759 | €79,608 | +€25,849 | +48.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.